Metaplanet Buys $620M in Bitcoin, Seizes 4th Place Among Public Company Holders

Metaplanet has dramatically expanded its Bitcoin reserves with a new purchase of 5,268 BTC for approximately $623 million.

The move elevates the Japanese firm to the position of the world’s fourth-largest publicly traded corporate holder of Bitcoin.

This is the company’s second major acquisition in quick succession, following a $632 million buy in September.

CEO Simon Gerovich linked the strategy to strong operational results, noting a 115.7% surge in Q3 revenue that strengthens the platform for their ongoing Bitcoin treasury expansion. The company’s total holdings now stand at 30,823 BTC.